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Resistance
See other Resistance Articles

Title: The Official Story Of The Sandy Hook School Shooting Is Riddled With Holes
Source: [None]
URL Source: http://www.sandyhookhoax.com/
Published: Dec 31, 2012
Author: .
Post Date: 2012-12-31 11:41:43 by wudidiz
Ping List: *Black Ops - Psyops*     Subscribe to *Black Ops - Psyops*
Keywords: None
Views: 17246
Comments: 188

"It seems unbelievable, because it is."Subscribe to *Black Ops - Psyops*

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Begin Trace Mode for Comment # 188.

#2. To: wudidiz, Itistoolate, noone222 (#0)

This story gets stranger by the day.

FormerLurker  posted on  2012-12-31   13:18:51 ET  Reply   Untrace   Trace   Private Reply  


#3. To: All (#2)

Family photo of slain teacher Vicki Soto.

FormerLurker  posted on  2012-12-31   13:26:59 ET  (1 image) Reply   Untrace   Trace   Private Reply  


#24. To: FormerLurker (#3)

Family photo of slain teacher Vicki Soto.

Saw a video on the occult issues that commented on the "oto" part of her last name possibly indicating the O.T.O. initials for Ordo Templi Orientis/Order of the Temple of the East.

GreyLmist  posted on  2013-01-02   4:12:17 ET  Reply   Untrace   Trace   Private Reply  


#31. To: GreyLmist (#24)

Saw a video on the occult issues that commented on the "oto" part of her last name possibly indicating the O.T.O. initials for Ordo Templi Orientis/Order of the Temple of the East.

Hmmm. Did you know that the name Smith ends with "ith", which could mean "In Thy Hell", and that the first two letters, "Sm", could mean "Sadistic Murderer"?

FormerLurker  posted on  2013-01-02   15:43:19 ET  Reply   Untrace   Trace   Private Reply  


#32. To: GreyLmist, FormerLurker, Parrot on Speed Dial (#31)

Hmmm. Did you know that the name Smith ends with "ith", which could mean "In Thy Hell", and that the first two letters, "Sm", could mean "Sadistic Murderer"?

GreyLmist and Parrot,

I do tend to agree with FL's tongue-in-cheek observation. Please note that FL and I rarely agree on anything.

While referencing the Occult with friends after knocking back several brewskies might evoke considerable interest in that setting, introducing the Occult to sober people as support for a theory that there's more than meets the eye regarding 9-11, Sandy Hook massacre, etc will tend to throw dust and damage the credibility of your original supposition.

Just saying....

scrapper2  posted on  2013-01-02   16:07:58 ET  Reply   Untrace   Trace   Private Reply  


#40. To: scrapper2, FormerLurker, Parrot on Speed Dial, wudidiz (#32) (Edited)

FormerLurker: Hmmm. Did you know that the name Smith ends with "ith", which could mean "In Thy Hell", and that the first two letters, "Sm", could mean "Sadistic Murderer"?

scrapper2: GreyLmist and Parrot,

I do tend to agree with FL's tongue-in-cheek observation. Please note that FL and I rarely agree on anything.

While referencing the Occult with friends after knocking back several brewskies might evoke considerable interest in that setting, introducing the Occult to sober people as support for a theory that there's more than meets the eye regarding 9-11, Sandy Hook massacre, etc will tend to throw dust and damage the credibility of your original supposition.

Just saying....

scrapper, if you entered this thread at the point of my one sentence reply at Post #24 on what FL had presented and innocuously dubbed as a family-photo of Vicki Soto, I can understand why you mistakenly got the impression, which you apparently did, that I had "drunkenly" introduced the occult angle here and with no basis. What you've described as FL's "tongue-in-cheek observation" (as if a credible rebuttal to my making overmuch, seemingly, about nothing) is actually a backhanded-strawman swipe from FL -- for no apparent reason that I can fathom other than to cause confusion and conflict over what was, until then, simply a conversationally supportive remark (from my video observations) on the occult angle that FL had enlarged upon here after Newtown's Masonic-org medical care complex was noted at Post #1.

Beginning at Post #2, FL presented a 7.5 minute video of Newtown as a major hub of Satanism and then presented the horned hand-gestured Soto family-photo at Post #3, which I made a short comment on 21 posts later. In the meantime, FL had said at Post #6 (as if unaware of the redundant circularity of their opinion) that they were still not convinced the Sandy Hook parents are actors but COULD be Satanists, when their own 7.5 minute video at Post #2 had described Satanists precisely as a network of actors pretending in society that they aren't such. Rather than kick up dust argumentatively by asking FL if they had even watched their own video, I tried to simply show a corroborative example of other investigative research along the very same lines that FL had themself injected into the discussion -- not me or Parrot on Speed Dial Parrot with speed dial either; who had offered their insight-confirmations on the occult issue to me and wudidiz and not to dispute FL or go off-topic of what FL had turned attentions to in this subject multiple times.

And now, here we are in a mixed up mess at the bottom of FL's slippery slope as if they had nothing at all to do with any of that -- just us other "woo-hoos" or whatever -- and you claiming agreement with FL's sarcastic swing. Please try to not be misused so again for their confrontational manuevers, scrapper. Just sayin' and good luck on that.

Edited paragraph 1 + formatting, punctuation and spelling.

GreyLmist  posted on  2013-01-02   20:56:09 ET  Reply   Untrace   Trace   Private Reply  


#42. To: GreyLmist (#40)

What it comes down to GL is that if you see the devil everywhere to the point you see something sinister about a person's name just because it ends with the letters "oto", not only are you grasping at straws, but you are jumping to absurdities which are so far from being meaningful observations as to deserve a "sarcastic swipe" across the head.

FormerLurker  posted on  2013-01-02   21:44:35 ET  Reply   Untrace   Trace   Private Reply  


#52. To: FormerLurker (#42)

What it comes down to GL is that if you see the devil everywhere to the point you see something sinister about a person's name just because it ends with the letters "oto", not only are you grasping at straws, but you are jumping to absurdities which are so far from being meaningful observations as to deserve a "sarcastic swipe" across the head.

It is you who imagines something sinister almost everywhere, to the point of arguing like a control freak "puppetmaster" bent on recklessly smashing input contributions that you deem unapproved -- and for no logical reason, imo, other than to smite in spite. It is you who are grasping at absurdity straws and jumping strangely to transmute accusingly even a benevolent, corroborative comment made conversationally (on a topic you yourself had inserted here) into something warranting enmity and a targeted strike from you. Evidently (and typically again of you), even my short, one sentence comment wasn't really comprehensively read by you but you've misread much into it, as usual. FYI: I'm not the analyst who interpreted the "oto" letters as a possible Satanic signal in the name of a possibly fictitious character or Crisis Actor. I merely relayed, as a gesture of support, an abbreviated summary on their video-assessment of it to you in response to the horned hand-gesture signal-issues that you had presented as a meaningfully relevant observation in this discussion. I'm not clear on why you've arbitrarily drawn the line of meaningful occult observation at your input only but go ahead and stomp and swipe like an agitated ogre over it, if you insist on manifesting so. I'll just laugh at your shows of force.

GreyLmist  posted on  2013-01-02   23:05:57 ET  Reply   Untrace   Trace   Private Reply  


#58. To: GreyLmist, scrapper2 (#52) (Edited)

It is you who imagines something sinister almost everywhere, to the point of arguing like a control freak "puppetmaster" bent on recklessly smashing input contributions that you deem unapproved

Just as in your little circle of pals, you are guilty of projecting your own faults onto others, specifically, those who disagree with you and/or call you on your far fetched schemes.

To see something sinister in a common name is beyond rational. I doubt you would make those claims to people in real life as they may well view you as certifiably insane.

Oh boo hoo hoo, I told you that you were off the deep end because you tried to claim Victoria Soto was satanic JUST BECAUSE the three letters of her name ends with "oto".

That I tried to inject a bit of humor rubs you the wrong way, and now I'm all sorts of bad things.

Now I should get ready for your fellow gang of misfits to come tell me I'm an asshole, a jerk, and all sorts of other things because I popped your little balloon.

You folks are all very quick to pounce on others over perceived wrongs, but cry like little drama queens when someone tries to speak to you as if you were actually adults.

FormerLurker  posted on  2013-01-03   22:25:48 ET  Reply   Untrace   Trace   Private Reply  


#60. To: FormerLurker (#58) (Edited)

That post was made yesterday, almost 24 hours ago, in response to your whirlwind wardances in-process then over a short, conversational sentence about somebody else's interpretation of the 3 "oto" letters, as well as a 3 word file-summary comment posted by me, "Noting a resemblance". Since then, I thought we had reached an amicable understanding and had hoped, if I replied to your post here on the issues of the boy, Bear, and his family that you would have the presence of mind to remember that prior conflict was over with -- or so I thought but, apparently, I was wrong about you having that much rationality and composure. Oh, well. I think that's your problem, not mine.

Edited sentence 1 + for grammar and punctuation.

GreyLmist  posted on  2013-01-03   23:14:20 ET  Reply   Untrace   Trace   Private Reply  


#61. To: GreyLmist (#60)

I just read your comment today, must have missed it yesterday. I don't spend all my time on forums, I have more pressing matters to attend to.

FormerLurker  posted on  2013-01-04   1:46:58 ET  Reply   Untrace   Trace   Private Reply  


#62. To: FormerLurker (#61) (Edited)

I just read your comment today, must have missed it yesterday. I don't spend all my time on forums, I have more pressing matters to attend to.

Ok, then. I apologize for the curt reply but would like to suggest a quick check of the posting-date stamp logs before dashing off an unnecessarily overheated message. While I'm here again, am using this time to list some video examples for the record that I've noticed of children and adults outside that day in shirts and no coat/jacket/sweater/sweatshirt -- a number of them even in short sleeve, summery shirts. View at the YouTube sites:

At least 27 dead, including 18 children, in Connecticut school shooting - YouTube
At 0:21 children walking in a line with no coat
Girl in no coat and adult female in short sleeve summer shirt at 1:24
Girl in short sleeves at 1:31 and man at 2:06 in white shirt

Connecticut Shooting: Parents React Dec 14th, 2012
At 0:44 girl in white shirt
At 2:20 woman in short sleeve summer shirt

Connecticut Shooting Sandy Hook Elementary Teachers' Reactions to Gunshots - ABC News - YouTube
At 2:08 female in white shirt
At 2:23 and 2:26 children in short sleeve shirts

US school shooting: Children tell of terror
At 0:22 boy in green shirt with scarf but no coat; 0:36 girl in white shirt
At 1:10-1:20 several with no coat, including a baby boy in green shirt

Connecticut Shooting Sandy Hook Elementary Teachers' Reactions to Gunshots - ABC News - YouTube
Baby in green shirt with no coat at 1:21; also seen in the previous video and the one below
Man in background wearing short sleeve summer shirt at 1:52

Sandy Hook Massacre Exposed? (With Evidence) 1/2
At 12:17 shirt sleeves, including baby boy in green shirt

Edited for video notations, time-stamp markers and sequence order. Also to add this child in no coat pic example not seen in those videos:

GreyLmist  posted on  2013-01-04   4:52:17 ET  (1 image) Reply   Untrace   Trace   Private Reply  


#67. To: All (#62) (Edited)

More examples of children and adults outside that day in shirts and no coat/jacket/sweater/sweatshirt -- a number of them in short sleeve, summery shirts and even one male in shorts:


Girls with no coats


Boy in a T-shirt, man in a white shirt, boy in an orange shirt


Boy in orange shirt again


Girl in a thin, short sleeve shirt


Boy in a thin shirt; last name: Nikitchyuk, nickname: Bear


Female in a white shirt; Carlee Soto?


Girl with no coat, thin shirt(s)


Child with no coat, thin shirt(s)


Boy with no coat, looks like 2 thin shirts


Boy in a blue shirt but could be a sweatshirt


Female in a black shirt


Man in a black shirt


Man in a purple shirt, woman in a white and blue shirt


Man in a blue T- shirt


Woman in a shirt with alleged Sandy Hook parent, male in shorts and a shirt


Child in a short sleeve shirt bottom right corner, others with no coats


No coats, female in short sleeves


Child with thin shirt(s) and no coat. CNN [Updated at 2:45 p.m. ET]: Various locations are being used as staging areas around Newtown. This is outside the Newtown Methodist Church near the school where a woman is hugging a child.

Sandy Hook Elementary School Nurse Sally Cox EXPOSED Newtown Shooting FRAUD - YouTube

At 1:29-1:32 boy in short sleeve shirt, female in white shirt

At 1:37-1:41 several children with no coats and thin shirts, two in short sleeve shirts

At 6:49 boys with thin shirts and no coats, one in short sleeves

Edited to change paths for pics #3 and #4 that weren't working + added several more pics and made some changes in pic descriptions.

Re-edited to add 3 more pics:


Two children in bottom right corner with no coats


Boy with no coat


Several children with no coats, two in short sleeves

GreyLmist  posted on  2013-01-06   8:43:17 ET  (21 images) Reply   Untrace   Trace   Private Reply  


#182. To: All (#67)

Sandy Hook Elementary School Nurse Sally Cox EXPOSED Newtown Shooting FRAUD - YouTube

At 1:29-1:32 boy in short sleeve shirt, female in white shirt

At 1:37-1:41 several children with no coats and thin shirts, two in short sleeve shirts

At 6:49 boys with thin shirts and no coats, one in short sleeves

That video has been removed and I can't find a copy of it.

Replacement video and pic showing people dressed in summery clothing (shorts, short sleeves) and others without coats, not appearing to be cold:

Sandy Hook News Chopper Helicopter - Crystal Clear - HD and Zooms - YouTube

Published on Jan 24, 2013

@4:31 we see Gene Rosen near the corner of the building, @4:41 the man in the purple top steps precisely with his back to the sun on the shadow of the utility pole, the shadow of the utility pole and this man line up precisely. Extending that shadow path to the driveway across the street, we can arrive at a Time Stamp due to shadow direction analysis of 10:57am EST. Plus or minus 4 minutes.

[My note: Post #70: From midnight until the hour of 11 a.m., temperatures decreased for 8 hours far below the freezing point (from 23 to 21 degrees), then went to very near freezing (34 degrees) for 2 hours until 11 a.m. when it registered at 40 degrees ... with the winds and humidity impacting the windchill factor, which would make it seem colder than the logged temperatures.]

Sandy Hook - woman in short sleeve blue shirt:

GreyLmist  posted on  2013-02-08   2:22:06 ET  (1 image) Reply   Untrace   Trace   Private Reply  


#183. To: All (#182)

Post #87: Video and Photographic Record + Analyses and Newtown Weather Reports

Video near the bottom of Post #67 listed there was removed. A replacement video and pic are posted at #182.

This post is my updated template for the Newtown weather issues and info.

GreyLmist  posted on  2013-02-08   2:39:51 ET  Reply   Untrace   Trace   Private Reply  


#184. To: GreyLmist, AllTheKings'HorsesWontDoIt, christine, Itistoolate, titorite, *Black Ops - Psyops* (#183)

asheepnomore.net/2013/10/...ananda-street-sandy-hook/

sandyhooktruth.wordpress....records-yogananda-street/

wudidiz  posted on  2013-10-29   2:43:55 ET  Reply   Untrace   Trace   Private Reply  


#185. To: wudidiz, 4 (#184) (Edited)

asheepnomore.net/2013/10/...ananda-street- sandy-hook/ [Title: "Interesting Property Records – Yogananda Street (Sandy Hook)" Posted on October 28, 2013 | Pic: record of addresses for Peter Lanza; Adam Lanza not listed as a relative]

sandyhooktruth.wordpress....records-yogananda- street/ [Title: "Interesting Property Records – Yogananda Street" Posted on January 10, 2013 | Pic: record of addresses for Peter Lanza; Adam Lanza not listed as a relative]

Very interesting indeed. Other than a slight variation in the above pic addresses for the Peter Lanza Properties Record, the article info and linked sources for it seem to be the same at both sites, with an easier reading format at the 2nd site: sandyhooktruth.wordpress.com

Am archiving the article's linked sources here:

The properties can be viewed here, just type in “Yogananda” street.
data.visionappraisal.com/NewtownCT/search.asp [Edit to add: Routes to vgsi.com/vision/Applications/ParcelData/Home.aspx]

John Trentacosta is the CEO of Newtown Savings Bank
nsbonline.com/blog/?p=202

and is also on the Federal Reserve Advisory Council.
acorn-online...trentacosta-named-to-federal-reserve-advisory-council.html [Edit to add: link not working]

Snapshot of Trentacosta article with United Way info
sandyhooktruth.files.wordpress...trentacosta-federal-reserve.jpg?w=640

Fundraising info link:
montville-ct.patch.com...newtown-savings-bank-teams-with-united-way...

The endnote at the site you listed 1st, asheepnomore.net, has an interesting Pic on the school demolition. It recommeds reading all of the comments at the sandyhooktruth.wordpress.com but I recommend the Comments section at both sites. There is only one currently at asheepnomore.net and it talks about the Navy shipyard shooting too. The sandyhooktruth.wordpress.com site references much intriguing research at September cluesforum.info on CT State Rep. John Frey of the "White House Fellows" program.

Re: the United Way fundraising management/Disaster Capitalism connection in the article, noted and linked above

In the aftermath of 9/11, CNSNews.com did extensive investigative reporting regarding September 11th Fund misspending and administrative abuses of trust by its handlers: the United Way, the Red Cross, the New York Community Trust, etc. This link has a copy of one of those reports: UNITED WAY - 9/11 funds go to left-wing causes unconnected with terror (you MUST read this!) 4um Post-reference for that at #76 here. More at #66 here re: "some undetermined amount that was being allocated through Red Cross/United Way managers of the 9/11 Fund for the purpose of legal representation for incarcerated terror suspects like the Dancing Israelis."

Edited for bracketed link notations, spelling and spacing + to reword last paragraph.

GreyLmist  posted on  2013-10-29   19:42:39 ET  Reply   Untrace   Trace   Private Reply  


#186. To: wudidiz, All (#185) (Edited)

John Trentacosta is the CEO of Newtown Savings Bank
nsbonline.com/blog/?p=202

Excerpts from the statements posted there by John F. Trentacosta on January 5, 2013:

Our Bank is actively providing support in our role as depository for the Sandy Hook School Support Fund. We have been receiving thousands of letters, phone calls and contributions from all over the world. ... The volume of mail over the past several weeks has been so great that we reassigned many of our employees to attend to this. Last weekend, our Trustees, and their spouses, provided generous assistance opening mail and sorting checks in our Community Room.

This is to clarify and correct the header info for these two Trentacosta links:

and [John Trentacosta] is also on the Federal Reserve Advisory Council.
acorn-online...trentacosta-named-to-federal-reserve-advisory-council.html [Edit to add: link not working]

Snapshot of Trentacosta article with United Way Federal Reserve info
sandyhooktruth.files.wordpress...trentacosta-federal-reserve.jpg?w=640

On the Trentacosta/Fed Res issue: Couldn't find even a Wayback Machine page-copy for the non-working, acorn-online newslink. Also couldn't find a newscopy for the unsourced article-snapshot linked at sandyhooktruth.files.wordpress (dated April 1, 2011 and titled there as: "Newtown Savings Bank president John Trentacosta named to Federal Reserve advisory council") but I was able to find a corroborative Press Release from March 2011 by Newtown Savings Bank, titled there as: "Newtown Savings Bank President Named to Federal Reserve Bank Council" and "Newtown Savings Bank President Named to Federal Reserve Bank of NY CDIA Council". That's also corroborated at jasperjottings-daily.com...page/2/ | jlinkedin-trentacosta-john and at linkedin.com under John Trentacosta's Additional Information: ... Federal Reserve Board Community Depository, Institutions Advisory Council 2009 – Present ...

This is a link for Google's html cache of the file: http://www.newyorkfed.org/aboutthefed/annual/annual12/advisory.pdf for the "FEDERAL RESERVE BANK OF NEW YORK ADVISORY GROUPS 2012 ANNUAL REPORT", where Trentacosta's name is listed on Pg. 2 there but somewhat anomalously (like numerous others throughout those 6 sample pages) with an odd mixture of caps and lowercase letters (JOhN F. TRENTACOSTA President and Chief Executive Officer Newtown Savings Bank Newtown, Conn. COMMUNITY DEPOSITORY INSTITUTIONS ADVISORY COUNCIL). Rather sloppy for an official report.

The federalreserve.gov site has a posted letter, allegedly from Trentacosta, that is addressed to them, the Treasury Dept., the FDIC and is also copied to Senators Richard Blumenthal and Joseph I. Lieberman (Sample pages at Google's html cache here; Full version at: http://www.federalreserve.gov/SECRS/2012/October/20121025/R-1442/R- 1442_101612_109393_566338455062_1.pdf). Will post some excerpts from that 4 page letter in another posting.

This is to expand the header of this link (which is last in the archived list at Post #185 above for the sandyhooktruth.wordpress.com references) to clarify that it is the link Re: the United Way fundraising management/Disaster Capitalism connection

Fundraising info link: CT newsource with article info on the United Way,
Newtown Savings Bank and its CEO/Pres. Trentacosta (Federal Reserve council/advisor)
montville-ct.patch.com...newtown-savings-bank-teams-with-united-way...

This is an excerpt from that article:

The bank can't disclose how much has been raised so far, but support has been widespread and the United Way has been utilizing the press and social media to spread the word.

Edited for spacing.

GreyLmist  posted on  2013-10-30   21:00:53 ET  Reply   Untrace   Trace   Private Reply  


#187. To: wudidiz, Itistoolate, All, *Banker and Finance Weirdness* (#186) (Edited)

The federalreserve.gov site has a posted letter, allegedly from Trentacosta, that is addressed to them, the Treasury Dept., the FDIC and is also copied to Senators Richard Blumenthal and Joseph I. Lieberman (Sample pages at Google's html cache here; Full version at: http://www.federalreserve.gov/SECRS/2012/October/20121025/ R-1442/R- 1442_101612_109393_566338455062_1.pdf). Will post some excerpts from that 4 page letter in another posting.

Flagged Itis to this post because the alleged Trentacosta letter to the Federal Reserve, et al. (noted above and from October of 2012 -- two months before the alleged Sandy Hook shootings), seems to have something to do with Switzerland's Bank of International Settlements and its Basel III regulations wreaking havoc on mortgage and bank solvency issues here. These are some excerpts about that:

RE: Basel III Capital Proposals

Over the past fifteen years, in order to continue to service its marketplace and to enhance earnings, the Bank has entered the secondary mortgage market. We currently have $825 million in loans that we have sold but have retained servicing. Given the capital constraints of a mutual bank, placing these loans in portfolio would have been virtually impossible.

with respect to mortgage banking the current proposal's restrictions on mortgage servicing rights will negatively impact our capital and consequently our ability to maintain our current position in our market place. This will clearly reduce competition, create a higher reliance on the national players and result in higher pricing for our consumers.

The complexity of the mortgage risk weights based on loan-to-value ratios will create a regulatory burden for us. Over the last several months, we have reacted to the needs of certain borrowers that would have qualified for Federal programs such as HAMP or HARP except that we had sold these loans to the Federal Home Loan Bank under their MPF Program. Non-eligibility for favorable treatment for loans sold to the FHLB system remains a mystery to us. These borrowers have reached out to us for assistance and we have attempted to meet their needs by repurchasing these loans and offering more favorable terms.

the current proposal's restrictions on mortgage servicing rights will negatively impact our capital and consequently our ability to maintain our current position in our market place. This will clearly reduce competition, create a higher reliance on the national players and result in higher pricing for our consumers.

In addition this aspect of the proposal could materially impact the Bank's earnings.

I am sure I am not the only banker concerned with the proposal to increase risk weights for delinquent loans. Since we already set aside reserves for loans that fall into more serious stages of delinquency, this proposal would have us take charges to capital twice. This appears to make no sense to us in the industry as loan risk is currently managed through the ALLL process. If this proposal were to be adopted, we would clearly be less inclined to work with our borrowers and more likely to deploy balance sheet clean-up strategies through loans sales. Once placed in the hands of "problem asset purchasers" this could have a negative impact on housing, in general.

Also we question the limitation of 1.25% of total risk-weighted assets for the loan loss reserve. We believe this to be counter-intuitive to building stronger balance sheets and safer banks.

The Bank currently has an unrealized gain of $1.1 million in available for sale securities on its bond portfolio. When rates eventually rise, these bonds have the capacity to be significantly under-water, negatively impacting capital under the proposed rules. This will eventually lead the Bank into classifying more securities into "Held to Maturity" which will have an adverse effect on the Bank's liquidity management. An increasing focus on HTM classifications will also result in the Bank purchasing shorter duration instruments and require management to adjust investment policies and practices, accordingly.

More specifically, the changes to the residential mortgage risk-weights will have a profound impact on the Bank's regulatory capital ratios causing our risk-weighted assets number to increase by at least $20 million for this change alone. The increase is likely to be higher than that; however, it is difficult to track all of those instances where the Bank holds both a first and second mortgage on the same property whereby the second lien pushes the loan-to-value above the stated threshold causing both loans to be treated as Category 2 loans.

The impact of a 150% risk weight for non-residential nonaccrual loans results in an additional $4.7 million increase for risk-weighted assets. Finally, although not fully effective until 2018, the amount of the Bank's combined mortgage servicing assets and deferred tax assets below the deduction threshold level must be risk weighted at 250%. The Bank's risk-weighted assets will jump another $15 million when this goes into effect. Although difficult to model with certainty given the complexity and vagueness of the proposed rules, the Bank's Tier 1 Risk-Based Capital and Total Risk-Based Capital ratios will be further negatively impacted by all of these risk-weighting changes.

While supporting stronger capital requirements for the U.S. banking system, Basel III makes no differentiation for community banks and in particular, the mutual form of organization.

It appears that our form of organization was not considered at all when considering these proposed capital rules.

If left unaddressed, the Basel III proposals could be the beginning of a rapid decline of the mutual form of organization among Banks. This would be a terrible loss for the industry and the communities that we serve.

Soon thereafter, Fed Res councilman/advisor John Trentacosta's Newtown Savings Bank became the depository for undisclosed amounts of money contributed to the Sandy Hook School Support Fund -- in conjuction with the United Way, a notorious maladministrator of the September 11th Fund (Reference the last paragraph of Post #185 above).

Edited for spelling, spacing and highlighting.

GreyLmist  posted on  2013-10-30   22:22:55 ET  Reply   Untrace   Trace   Private Reply  


#188. To: All, *9-11* (#187) (Edited)

Soon thereafter, Fed Res councilman/advisor John Trentacosta's Newtown Savings Bank became the depository for undisclosed amounts of money contributed to the Sandy Hook School Support Fund -- in conjuction with the United Way, a notorious maladministrator of the September 11th Fund (Reference the last paragraph of Post #185 above).

Sandy Hook School Support Fund and September 11th Fund info ping, Posts #185, #186 and #187.

Edited to add clarifications.

GreyLmist  posted on  2013-10-30   22:38:10 ET  Reply   Untrace   Trace   Private Reply  


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